http://www.pwc.com Internationally issued press releases from PricewaterhouseCoopers en-en 2008 PricewaterhouseCoopers LLP (US) http://www.pwc.com/images/topnav/pwc.gif http://www.pwc.com http://www.pwc.com/extweb/ncpressrelease.nsf/docid/7294B2E76A3836F68525757C004D54A1 Dennis M. Nally has been elected Chairman of the PricewaterhouseCoopers International Network for a four year term beginning on July, 1, 2009. Mr. Nally has served as the Chairman and Senior Partner of PricewaterhouseCoopers LLP, the PwC United States member firm, since 2002 and is a member of the global PwC Network Leadership Team and Chair of PwC's Network Strategy Council. Mr Nally's successor as chairman of PwC US will be announced later this year following an election process. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/7294B2E76A3836F68525757C004D54A1 Tue, 17 Mar 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/B031620B3B184E8D85257571006B1633 CEOs and senior executives from leading forest and paper companies in North America, Europe and Asia will share ideas for potential new industry revenue streams, environmental sustainability, and coping with the current economic downturn at the PricewaterhouseCoopers 22nd Annual Global Forest and Paper Industry Conference on May 14, 2009 in Vancouver, British Columbia. The theme of this year's conference is 'ReEnergizing the Forest and Paper Industry'. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/B031620B3B184E8D85257571006B1633 Fri, 06 Mar 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/19620350987E341C8525757000512020 Kennedy Consulting Research & Advisory, the leading research and advisory firm, has ranked PricewaterhouseCoopers (PwC) number one in Business Advisory Services and Management Consulting in its Global Consulting Marketplace 2008-2011 report. PwC was also placed third in the Human Resources Consulting practice area according to the study. The annual report reflects Kennedy’s analysis of the global consulting marketplace, estimated at approximately $300 billion in 2007. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/19620350987E341C8525757000512020 Thu, 05 Mar 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/3E8ED95A6E4FEAFE8525756D00572A4C Following two years of record Mergers and Acquisitions activity, 2008 has turned out to be a year of extremes, according to Mining Deals* 2008, the annual review by PricewaterhouseCoopers of mining sector Mergers and Acquisitions activity. The earlier part of the year followed the previous year's buoyant pattern before plunging in a sudden dizzying vortex in the final months. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/3E8ED95A6E4FEAFE8525756D00572A4C Mon, 02 Mar 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A2851C8EC9237C0B8525755A005DC5F8 Following the dizzy heights of 2007 Mergers and Acquisitions activity, last year the European media sector experienced a dearth of mega-deals, as the aggregate value of transactions fell 66% to €17bn from €50bn in 2007 – PricewaterhouseCoopers LLP (PwC) reveals today. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A2851C8EC9237C0B8525755A005DC5F8 Wed, 11 Feb 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/46945A4847E1F23D8525755A005EDA0B Overall value of domestic technology transactions increased nearly ten per cent in 2008 despite the desolate economic backdrop that has rendered other industries destitute, a PricewaterhouseCoopers LLP report reveals today. In fact, in a year where global volumes declined by a fifth to 570 completions, from a post bubble peak of 713 in 2007, UK-inspired deals formed a third of all worldwide transactions. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/46945A4847E1F23D8525755A005EDA0B Wed, 11 Feb 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/21909C57AF26D52F8525755300719D93 Strong Mergers and Acquisitions growth in wind and solar power sector is adding to renewable energy deal momentum, according to a new analysis of deal making in the industry published by PricewaterhouseCoopers today. Renewables Deals*, the first edition of an annual review by PwC. Solar overtook hydro as the second largest renewables deal category after wind, accounting for 20% of total renewables deals. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/21909C57AF26D52F8525755300719D93 Wed, 04 Feb 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E7F5BCD6FCB8DD3B8525754C007A72EB Report explores biomedical industry in California and implications for economy and public health http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E7F5BCD6FCB8DD3B8525754C007A72EB Wed, 28 Jan 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/348F8D8A6B71C88A8525754B005E5022 Battered by recession, CEOs' confidence about future prospects for business has plummeted and executives expect a slow, gradual recovery over the next three years, PricewaterhouseCoopers 12th Annual Global CEO Survey has found. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/348F8D8A6B71C88A8525754B005E5022 Tue, 27 Jan 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/61821A58E4E3F5F9852575450051E39B The latest edition of Power Deals, the annual review by PricewaterhouseCoopers of power sector Mergers and Acquisitions, shows a 24% increase year on year in worldwide 2008 power deal numbers, up to 954 from 768 in 2007, but a 41% plunge in total deal value, down to US$205.6bn from its record level of US$372.5bn in 2007. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/61821A58E4E3F5F9852575450051E39B Wed, 21 Jan 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/5126F1BE617993AA85257537005D6EA7 PricewaterhouseCoopers (PwC) predicted that funds raised through new IPOs will be HK$70 billion in 2009, slightly above the figure in 2008 of HK$66 billion. With the fiscal stimulus programmes in place, the firm believes that the China and Hong Kong economies may be stabilised in the second half of 2009. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/5126F1BE617993AA85257537005D6EA7 Wed, 07 Jan 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/550090EAD4B3B0C585257536005E0C72 The new Code of Ethics on Interactions with Health Care Professionals (HCPs) was approved unanimously last week by the board of directors of the Advanced Medical Device Association (AdvaMed), the medical device industry trade group that monitors the legal, regulatory and economic global environment. AdvaMed is the largest medical technology association in the world and its members produce nearly 90 percent of all health care technology purchased annually in the United States. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/550090EAD4B3B0C585257536005E0C72 Tue, 06 Jan 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E49C20CF5FEF56F4852575360062E2CF While all of the major advanced economies are projected to shrink in 2009 and recover only gradually thereafter, the large emerging economies (particularly China and India) are expected to experience only a slowdown not a contraction in 2009 and generally retain much better medium term prospects than the advanced economies. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E49C20CF5FEF56F4852575360062E2CF Tue, 06 Jan 2009 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/31479FE5AF3412CF852574D4005641AA Revenue growth remained buoyant across all three of PwC's main service offerings. Growth from PwC's advisory business increased by 14 per cent to US$6.9 billion, driven by good performances in all major markets, a fast maturing consulting business which continues to grow market share and a very strong performance from transactions related business, despite the slowing market for mergers and acquisitions. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/31479FE5AF3412CF852574D4005641AA Tue, 30 Sep 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/95B13FAEFB497224852574D40057B1F7 Following the ratification of its new network structure PricewaterhouseCoopers today announced the following appointments to its Network Executive Team (NET). The NET, which reports to PwC's Network Leadership Team will be responsible for key service line and functional areas across the PwC network. The appointments were announced by PricewaterhouseCoopers' Global CEO Samuel A. DiPiazza, Jr. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/95B13FAEFB497224852574D40057B1F7 Tue, 30 Sep 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/C6D355BF2B534128852574CD0069CEDB Increasing fuel costs, CO2 emissions reductions, fluctuating exchange rates, shifts in consumer behaviour and a challenging economic climate are just some of the issues facing the automotive industry according to the latest PricewaterhouseCoopers report Global Automotive Perspectives 2008. Global Automotive Perspectives 2008 predicts that 2008/9 are set to include profound industrial shifts and challenges for the automotive industry, as it responds to a fast growing array of commercial and regulatory pressures. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/C6D355BF2B534128852574CD0069CEDB Tue, 23 Sep 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/807A35318A7DC773852574C7004D99E9 A new index from PricewaterhouseCoopers confirms China and India's position as the leading outsourcing locations for the pharmaceutical industry but highlights how the nature of such outsourcing is changing dramatically. The index, in a report titled “The changing dynamics of pharma outsourcing in Asia- are you readjusting your sights?” ranks Asian countries according to cost, risk and market opportunity. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/807A35318A7DC773852574C7004D99E9 Wed, 17 Sep 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E8734AE1C0D81D6D852574BE0066CEA4 Acquisition of leading Enterprise Asset Management consulting firm assets and resource expertise extends PwC's EAM implementation capabilities. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E8734AE1C0D81D6D852574BE0066CEA4 Mon, 08 Sep 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A1932CBD60C7CCD7852574AB004D416A Beginning 1 October, PwC's network will be organised into three major geographic clusters led by the Senior Partner of the largest national firm in each cluster. The cluster leaders will coordinate and facilitate activities across the cluster. The East Cluster will be led by Silas Yang, Senior Partner of PwC China, the Central Cluster by Ian Powell, Senior Partner of PwC UK and the West Cluster by Dennis Nally, Senior Partner of PwC US. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A1932CBD60C7CCD7852574AB004D416A Wed, 20 Aug 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/0753C9CCDBBF0F1C8525746A005C3B7C A report by PricewaterhouseCoopers, 'Mine – As good as it gets?', shows that while revenues of the top 40 mining companies grew by 32% in 2007, costs increased by 38%, thereby reducing margins. The fifth annual report provides a comprehensive analysis of the financial performance and position of the global mining industry and also discusses current trends in the global mining industry. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/0753C9CCDBBF0F1C8525746A005C3B7C Mon, 16 Jun 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/B8CBBC8187F94AA88525746A0058EE37 Based on the recommendations of its Global Communities Board, PwC will partner with the UNHCR to raise funds to provide facilities and education on a sustainable basis at camps in Chad for refugee children from Darfur. PricewaterhouseCoopers leadership has committed to contributing $200,000 to the effort, called the Power of 10, and the global PwC organisation is seeking additional contributions from its partners and staff as well as friends and family, with the hope that its global organisation will far surpass that amount. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/B8CBBC8187F94AA88525746A0058EE37 Mon, 16 Jun 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/D81AA63AC60610E08525745D004EB7BD PricewaterhouseCoopers has been named one of DiversityInc's “Top Companies for Global Diversity", a new select list of five top companies chosen for their strong commitment to creating a diverse and inclusive global culture. This is the first time DiversityInc has put together a global list. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/D81AA63AC60610E08525745D004EB7BD Tue, 03 Jun 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A02675154115D1808525745800745803 Deal making in the global industrial manufacturing industry is growing strongly and looks set to remain at high levels in both the near and longer term future. A new report by PricewaterhouseCoopers 'Producing Value', finds that both deal numbers and values are increasing. Given that many sectors remain extremely fragmented, there is also excellent potential for securing cost synergies, particularly among small and middle-market targets. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/A02675154115D1808525745800745803 Thu, 29 May 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/5A17692370DF436D85257447004E84E6 The survey found that companies in Canada are subject to 49 different taxes and 18 other payments to governments at the federal, provincial and municipal level. Adding to the complexity of Canada's tax system, companies are subject to more than 200 possible “taxing points” -- the number of tax obligations a business would be required to fulfill if it were subject to all taxes in all jurisdictions. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/5A17692370DF436D85257447004E84E6 Mon, 12 May 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/6403DE4054BD95538525744300604E61 Sweeping changes lie ahead in the power utilities industry, according to the latest Utilities Global Survey by PricewaterhouseCoopers. The 2008 report, A World of Difference, marks the tenth anniversary of the annual survey of 118 senior executives in 37 countries and reveals a sector that is anticipating wide scale transformation in the decade ahead. The changes they predict include a different technological landscape and structure of the sector in the future. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/6403DE4054BD95538525744300604E61 Thu, 08 May 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/926FCCE82A46BE19852574430063E211 Currency is one of the biggest issues facing the forest, paper and packaging industry around the world, in particular Canada and Europe. But the news is not all bad for the global industry. According to findings released today by PricewaterhouseCoopers (PwC) at its 21st annual Global Forest and Paper Industry Conference in Vancouver, the southern hemisphere and other emerging markets (Central America, South America and non-Japan Asia) are prospering, in particular due their use of new technologies, fertile soil and low wood costs. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/926FCCE82A46BE19852574430063E211 Thu, 08 May 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/29750A9959E581238525743400563933 The report, Managing People in a Changing World- Key Trends in Human Capital – A Global Perspective 2008, shows how companies can plot levels of engagement for an entire work force by looking at data relating to resignation levels, absence rates, employee attitudes, training hours per full-time employee (FTE), performance related pay and incidence of grievance. These range from the high levels of engagement that produce positive behaviours such as flexibility and innovation to the other end of the scale where companies experience resignations, absence, pilfering, theft, oppositional solidarity, even sabotage. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/29750A9959E581238525743400563933 Wed, 23 Apr 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/614F36CC00B935EC852574340055BAAF Deal making in the global metals sector soared to unprecedented levels during 2007 and is up 67% on the previous year, despite the impact of the credit crunch. 'Forging Ahead', the latest study of mergers and acquisitions (Mergers and Acquisitions) in the sector by PricewaterhouseCoopers, also found there have been dynamic shifts of focus- from steel to aluminium and away from Western Europe to the new Mergers and Acquisitions hotspot of North America. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/614F36CC00B935EC852574340055BAAF Wed, 23 Apr 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E7576DCD340D8E76852574340055CF15 The rising cost of chronic diseases, including direct medical costs and indirect costs associated with lost productivity, is a growing burden for businesses, according to research prepared by PricewaterhouseCoopers in conjunction with the World Economic Forum. The report warns that over the next 25 years chronic disease will reduce the available labour supply, savings, investments and ultimately affect the capital markets, and outlines the business rationale for workplace wellness programmes. It states that in an interdependent global economy, chronic conditions such as cardiovascular disease, diabetes and respiratory illness, are creating a significant societal risk that threatens health systems and economic sustainability. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/E7576DCD340D8E76852574340055CF15 Wed, 23 Apr 2008 00:00:00 +0000 http://www.pwc.com/extweb/ncpressrelease.nsf/docid/980AD6A9091C66F38525741D007AE156 The research, conducted by PwC's Gender Advisory Council, gathered perspectives from 79 female leaders within PwC's global network on issues pertaining to women in leadership roles. It sheds light on the various obstacles faced by women as they rise within the ranks of professional services firms. The report provides recommendations on how to build corporate gender diversity in order to increase the bottom line while still promoting the advancement of women in the workplace. http://www.pwc.com/extweb/ncpressrelease.nsf/docid/980AD6A9091C66F38525741D007AE156 Mon, 31 Mar 2008 00:00:00 +0000